Homeownership Program

Homeownership Program

The Homeownership Program makes purchasing a home more affordable for low-to-moderate income families and individuals by offering fixed, low-interest rate mortgage loans.  In addition, the Authority also offers $8,000 down payment and closing costs assistance, which can greatly reduce the out of pocket expense to the homebuyer.

The homebuyer may choose between a Conventional, FHA-insured, VA guaranteed, or USDA-RD.  All mortgages are a 30 year fixed rate. The rate has been reduced from 4.79% to 3.95% with a 1.00% origination fee.